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Costs and Charges Illustrations



Example 1: Information Concerning Costs and Related Charges for Portfolio in Stocks & Warrants

Examples covers January 1 - December 31

GBP Scenario

Portfolio Assumptions
Initial Investment£10,000.00
Margin0.00%
Notional Amount£10,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*£12.00
Financing Rate0.00%
Monthly Activity Fee£0.00
Monthly Market Data Fee£5.00
Research News and Fees£0.00

Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee£144.00
Financing£0.00
Monthly Activity Fee£0.00
Market Data Fee£60.00
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES£204.00
Gross Return
Initial Investment£10,000.00
Rate of Return10.00%
End Value - Investment£11,000.00
Net Return
Investment Gain in ££1,000.00
Minus Costs and Charges Related to Investment£204.00
Net End Value of Gain£796.00

Net End Value of Investment£10,796.00
Net Return on Investment7.96%
Impact of Costs and Charges-2.04%

* Entry Fee £6.00 + Exit Fee £6.00

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin0.00%
Notional Amount€11,600.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES€302.40
Gross Return
Initial Investment€11,600.00
Rate of Return10.00%
End Value - Investment€12,760.00
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€302.40
Net End Value of Gain€857.60

Net End Value of Investment€12,457.60
Net Return on Investment7.39%
Impact of Costs and Charges-2.61%

* 0.1% per trade value

USD Scenario

Portfolio Assumptions
Initial Investment$13,000.00
Margin0.00%
Notional Amount$13,000.00
# of shares260
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.01
Financing Rate0.00%
Monthly Activity Fee$0.00
Monthly Market Data Fee$1.50
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$31.20
Financing$0.00
Monthly Activity Fee$0.00
Market Data Fee$18.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$49.20
Gross Return
Initial Investment$13,000.00
Rate of Return10.00%
End Value - Investment$14,300.00
Net Return
Investment Gain in $$1,300.00
Minus Costs and Charges Related to Investment$49.20
Net End Value of Gain$1,250.80

Net End Value of Investment$14,250.80
Net Return on Investment9.62%
Impact of Costs and Charges-0.38%

* 0.5 cents per share per trade



Example 2: Information Concerning Costs and Related Charges for Portfolio in Equity Contract for Difference

Examples covers January 1 - December 31

GBP Scenario

Portfolio Assumptions
Initial Investment£10,000.00
Margin20.00%
Notional Amount£50,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%



Service Costs
"Round Trip" per Trade Fee*0.10%
CFD Financing Fee = 1.5% + Benchmark2.155%
Monthly Activity Fee£0.00
Monthly Market Data Fee£5.00
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee£600.00
Financing£1,077.50
Monthly Activity Fee£0.00
Market Data Fee£60.00
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES£1,737.50
Gross Return
Notional
Start Value - Investment£50,000.00
End Value - Investment£55,000.00
Gross Gain on Investment£5,000.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment£10,000.00
EndValue - Initial Investment£15,000.00
Gross Gain on Investment£5,000.00
Rate of Return50.00%
Net Return
Notional
Gross Return on Investment in ££5,000.00
Minus Costs and Charges Related to Investment£1,737.50
Net Return on Investment in ££3,262.50

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %6.53%
Impact of Costs and Charges on Notional Return-3.47%
Initial Investment
Gross End Value - Initial Investment£15,000.00
Net End Value - Initial Investment£13,262.00

Gross Return on Initial Investment50.00%
Net Return on Initial Investment32.63%
Impact of Costs and Charges on Initial Investment Return-17.38%

* 0.05% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin20.00%
Notional Amount€58,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.10%
CFD Financing Fee = 1.5% + Benchmark1.50%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€696.00
Financing€870.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES€1,590.00
Gross Return
Notional
Start Value - Investment€58,000.00
End Value - Investment

€63,800.00

Gross Gain on Investment€5,800.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment€11,600.00
EndValue - Initial Investment€17,400.00
Gross Gain on Investment€5,800.00
Rate of Return50.00%
Net Return
Notional
Gross Return on Investment in €€5,800.00
Minus Costs and Charges Related to Investment€1,590.00

Net Return on Investment in €

€4,210.50

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %7.26%
Impact of Costs and Charges on Notional Return-2.74%
Initial Investment
Gross End Value - Initial Investment€17,400.00
Net End Value - Initial Investment€15,810.00

Gross Return on Initial Investment50.00%
Net Return on Initial Investment36.29%
Impact of Costs and Charges on Initial Investment Return-13.71%

* 0.05% per trade value

USD Scenario

Portfolio Assumptions
Initial Investment$13,000.00
Margin20.00%
Notional Amount$65,000.00
# of shares1,300
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.01
CFD Financing Fee = 1.5% + Benchmark3.895%
Monthly Activity Fee$0.00
Monthly Market Data Fee$1.50
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$156.00
Financing$2,531.75
Monthly Activity Fee$0.00
Market Data Fee$18.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$2,705.75
Gross Return
Notional
Start Value - Investment$65,000.00
End Value - Investment$71,500.00
Gross Gain on Investment$6,500.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment$13,000.00
EndValue - Initial Investment$19,500.00
Gross Gain on Investment$6,500.00
Rate of Return50.00%
Net Return
Notional
Gross Return on Investment in $$6,500.00
Minus Costs and Charges Related to Investment$2,705.75
Net Return on Investment in $$3,794.25

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %5.84%
Impact of Costs and Charges on Notional Return-4.16%
Initial Investment
Gross End Value - Initial Investment$19,500.00
Net End Value - Initial Investment$16,794.25

Gross Return on Initial Investment50.00%
Net Return on Initial Investment29.19%
Impact of Costs and Charges on Initial Investment Return-20.81%

* 0.5 cents per share per trade


Example 3: Information Concerning Costs and Related Charges for Portfolio in Margin Stocks and ETFs

Examples covers January 1 - December 31

GBP Scenario

Portfolio Assumptions
Initial Investment£10,000.00
Margin50.00%
Notional Amount£20,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%



Service Costs
"Round Trip" per Trade Fee*£12.00
Financing Rate2.155%
Monthly Activity Fee£0.00
Monthly Market Data Fee£5.00
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee£144.00
Financing£215.50
Monthly Activity Fee£0.00
Market Data Fee£60.00
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES£419.50
Gross Return
Notional
Start Value - Investment£20,000.00
End Value - Investment£22,000.00
Gross Gain on Investment£2,000.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment£10,000.00
EndValue - Initial Investment£12,000.00
Gross Gain on Investment£2,000.00
Rate of Return20.00%
Net Return
Notional
Gross Return on Investment in ££2,000.00
Minus Costs and Charges Related to Investment£419.50
Net Return on Investment in ££1,580.50

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %7.90%
Impact of Costs and Charges on Notional Return-2.10%
Initial Investment
Gross End Value - Initial Investment£12,000.00
Net End Value - Initial Investment£11,580.50

Gross Return on Initial Investment20.00%
Net Return on Initial Investment15.81%
Impact of Costs and Charges on Initial Investment Return-4.19%

* Entry Fee £6.00 + Exit Fee £6.00

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin50.00%
Notional Amount€23,200.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.20%
Financing Rate1.50%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€556.80
Financing€174.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES€754.80
Gross Return
Notional
Start Value - Investment€23,520.00
End Value - Investment

€25,520.00

Gross Gain on Investment€2,320.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment€11,600.00
EndValue - Initial Investment€13,920.00
Gross Gain on Investment€2,320.00
Rate of Return20.00%
Net Return
Notional
Gross Return on Investment in €€2,320.00
Minus Costs and Charges Related to Investment€754.80

Net Return on Investment in €

€1,565.20

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %6.75%
Impact of Costs and Charges on Notional Return-3.25%
Initial Investment
Gross End Value - Initial Investment€13,920.00
Net End Value - Initial Investment€13,165.20

Gross Return on Initial Investment20.00%
Net Return on Initial Investment13.49%
Impact of Costs and Charges on Initial Investment Return-6.51%

* 0.01% per trade value

USD Scenario

Portfolio Assumptions
Initial Investment$13,000.00
Margin50.00%
Notional Amount$26,000.00
# of shares520
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.01
Financing Rate3.895%
Monthly Activity Fee$0.00
Monthly Market Data Fee$1.50
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$62.40
Financing$506.35
Monthly Activity Fee$0.00
Market Data Fee$18.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$586.75
Gross Return
Notional
Start Value - Investment$26,000.00
End Value - Investment$28,600.00
Gross Gain on Investment$2,600.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment$13,000.00
EndValue - Initial Investment$15,600.00
Gross Gain on Investment$2,600.00
Rate of Return20.00%
Net Return
Notional
Gross Return on Investment in $$2,600.00
Minus Costs and Charges Related to Investment$586.75
Net Return on Investment in $$2,013.25

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %7.74%
Impact of Costs and Charges on Notional Return-2.26%
Initial Investment
Gross End Value - Initial Investment$15,600.00
Net End Value - Initial Investment$15,013.25

Gross Return on Initial Investment20.00%
Net Return on Initial Investment15.49%
Impact of Costs and Charges on Initial Investment Return-4.51%

* 0.5 cents per share per trade


Example 4: Information Concerning Costs and Related Charges for Portfolio in Futures

Examples covers January 1 - December 31

GBP Scenario: FTSE 100 Future (Z)

Portfolio Assumptions
Initial Investment£21,500.00
Margin Per Contract£4,568.00
Initial Contract Price£7,400.00
Multiple10
Number of Contracts4
Notional Amount Available£296,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*£3.40
Financing Fee0.00%
Monthly Activity Fee£0.00
Monthly Market Data Fee£120.75
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee£163.20
Financing£0.00
Monthly Activity Fee£0.00
Market Data Fee£1,449.00
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES£1,612.20
Gross Return
Notional
Start Value - Investment£296,000.00
End Value - Investment£325,600.00
Gross Gain on Investment£29,600.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment£21,500.00
EndValue - Initial Investment£51,100.00
Gross Gain on Investment£29,600.00
Rate of Return137.67%
Net Return
Notional
Gross Return on Investment in ££29,600.00
Minus Costs and Charges Related to Investment£1,612.20
Net Return on Investment in ££27,987.80

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %9.46%
Impact of Costs and Charges on Notional Return-0.54%
Initial Investment
Gross End Value - Initial Investment£51,100.00
Net End Value - Initial Investment£49,487.80

Gross Return on Initial Investment137.67%
Net Return on Initial Investment130.18%
Impact of Costs and Charges on Initial Investment Return-7.50%

* £1.70 per contract

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

EUR Scenario: DAX Future (DAX)

Portfolio Assumptions
Initial Investment€25,500.00
Margin Per Contract€23,150.00
Initial Contract Price€10,000.00
Multiple25
Number of Contracts1
Notional Amount€250,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%

Service Costs
"Round Trip" per Trade Fee*€4.00
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€48.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€105.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES€153.00
Gross Return
Notional
Start Value - Investment€250,000.00
End Value - Investment

€275,000.00

Gross Gain on Investment€25,000.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment€25,000.00
EndValue - Initial Investment€50,000.00
Gross Gain on Investment€25,000.00
Rate of Return100.00%
Net Return
Notional
Gross Return on Investment in €€25,000.00
Minus Costs and Charges Related to Investment€153.00

Net Return on Investment in €

€24,847.00

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %9.94%
Impact of Costs and Charges on Notional Return-0.06%
Initial Investment
Gross End Value - Initial Investment€50,000.00
Net End Value - Initial Investment€49,847.00

Gross Return on Initial Investment100.00%
Net Return on Initial Investment99.39%
Impact of Costs and Charges on Initial Investment Return-0.61%

* €2.00 per contract

USD Scenario: S&P 500 Future (ES)

Portfolio Assumptions
Initial Investment$28,000.00
Margin Per Contract$7,236.00
Initial Contract Price$2,955.00
Multiple50
Number of Contracts3
Notional Amount$443,250.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*$4.10
Financing Rate0.00%
Monthly Activity Fee$0.00
Monthly Market Data Fee$10.00
Research News and Fees$0.00
>
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$147.60
Financing$0.00
Monthly Activity Fee$0.00
Market Data Fee$120.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$267.60
Gross Return
Notional
Start Value - Investment$443,325.00
End Value - Investment$487,575.00
Gross Gain on Investment$44,325.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment$28,000.00
EndValue - Initial Investment$72,325.00
Gross Gain on Investment$44,325.00
Rate of Return158.30%
Net Return
Notional
Gross Return on Investment in $$44,325.00
Minus Costs and Charges Related to Investment$267.60
Net Return on Investment in $$44,057.40

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %9.94%
Impact of Costs and Charges on Notional Return-0.06%
Initial Investment
Gross End Value - Initial Investment$72,325.00
Net End Value - Initial Investment$72,057.40

Gross Return on Initial Investment158.30%
Net Return on Initial Investment157.35%
Impact of Costs and Charges on Initial Investment Return-0.96%

* $0.85 IB commission + $1.20 exchange and regulatory fees per contract


Example 5: Information Concerning Costs and Related Charges for Portfolio in Options

Intraday Scenario

Examples cover an intraday trading scenario

GBP Scenario: FTSE 100 Option

Portfolio Assumptions
Initial Investment £10,000.00
Margin 0.00%
Notional Amount£10,000.00
Initial strike£7,200.00
Initial underlying price£7,200.00
Multiplier1,000
Price per contract £1.10

# of contracts9
Round-Trip Trades Executed12
Underlying Rate of Return1.00%
Service Costs
"Round Trip" per Trade Fee*£3.40
Financing Fee0.00%
Monthly Activity Fee£0.00
Monthly Market Data Fee£120.75
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee £367.20
Financing£0.00
Monthly Activity Fee£0.00
Market Data Fee£120.75
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES £487.95
Gross Return
Start Value - Investment £10,000.00
End Value - Investment£16,380.00
Gross Gain on Investment£6,380.00
Rate of Return63.80%
Net Return
Gross Return on Initial Investment in ££6,380.00
Minus Costs and Charges Related to Investment£487.95
Net Return on Initial Investment in ££5,892.05

Net End Value - Initial Investment£15,892.05
Net Return - Initial Investment58.92%

Impact of Costs and Charges on Initial Investment Return-4.88%

* £1.70 per contract



Long Scenario Examples

Examples cover January 1 - December 31


EUR Scenario: DAX Option

EUR at-the-money scenario (Contract 4 months to expiration)

Portfolio Assumptions
Initial Investment €11,600.00
Margin 0.00%
Notional Amount€11,600.00
Initial strike€11,700.00
Initial underlying price€11,715.00
Multiplier5
Price per contract€470.30
Intrinsic Value€15.00
Time Value€455.30

# of contracts4
Round-Trip Trades Executed12
Underlying Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*€3.00
Financing Fee0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee €144.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€105.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES €249.00
Gross Return
Start Value - Investment€11,600.00
End Value - Investment€24,730.00
Gross Gain on Investment€13,130.00
Rate of Return113.19%
Net Return
Gross Return on Initial Investment in €€13,130.00
Minus Costs and Charges Related to Investment €249.00
Minus Roll-over Time-value decay (2 turns) €16,212.00
Net End Value of Gain-€ 3,331.00

Net End Value of Investment€ 8,269.00

Net Return on Investment-28.72%

Impact of Costs and Charges on Initial Investment Return-141.91%

* EUR 1.50 per contract

EUR Scenario: DAX Option

Portfolio Assumptions
Initial Investment €11,600.00
Margin 0.00%
Notional Amount€11,600.00
Initial strike€11,700.00
Initial underlying price€11,715.00
Multiplier5
Price per contract€243.70

# of contracts9
Round-Trip Trades Executed12
Underlying Rate of Return1.00%
Service Costs
"Round Trip" per Trade Fee*€3.00
Financing Fee0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee €324.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€8.75
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES €332.75
Gross Return
Start Value - Investment€11,600.00
End Value - Investment€16,913.25
Gross Gain on Investment€5,313.25
Rate of Return45.80%
Net Return
Gross Return on Initial Investment in €€5,313.25
Minus Costs and Charges Related to Investment €332.75
Net Return on Initial Investment in € €4,980.50

Net End Value - Initial Investment€16,580.50
Net Return - Initial Investment42.94%

Impact of Costs and Charges on Initial Investment Return-2.87%

* EUR 1.50 per contract






EUR Scenario: DAX Option

EUR 5% in-the-money scenario (Contract 4 months to expiration)

Portfolio Assumptions
Initial Investment €11,600.00
Margin 0.00%
Notional Amount€11,600.00
Initial strike€11,150.00
Initial underlying price€11,715.00
Multiplier5
Price per contract€835.20
Intrinsic Value€565.00
Time Value€270.20

# of contracts2
Round-Trip Trades Executed12
Underlying Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*€3.00
Financing Fee0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee €72.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€105.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES €177.00
Gross Return
Start Value - Investment€11,600.00
End Value - Investment€17,865.00
Gross Gain on Investment€6,265.00
Rate of Return54.01%
Net Return
Gross Return on Initial Investment in €€6,265.00
Minus Costs and Charges Related to Investment €177.00
Minus Roll-over Time-value decay (2 turns) €4,404.00
Net End Value of Gain€ 1,684.00

Net End Value of Investment€13,284.00

Net Return on Investment14.52%

Impact of Costs and Charges on Initial Investment Return-39.49%

* EUR 1.50 per contract

USD Scenario: S&P 500 Option

Portfolio Assumptions
Initial Investment $13,000.00
Margin 0.00%
Notional Amount$13,000.00
Initial strike$2,925.00
Initial underlying price$2,925.00
Multiplier100
Price per contract$50.00

# of contracts2
Round-Trip Trades Executed12
Underlying Rate of Return1.00%
Service Costs
"Round Trip" per Trade Fee*$2.28
Financing Fee0.00%
Monthly Activity Fee$0.00
Monthly Market Data Fee$9.50
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$54.72
Financing$0.00
Monthly Activity Fee$0.00
Market Data Fee$9.50
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$64.22
Gross Return
Start Value - Investment$13,000.00
End Value - Investment$15,850.00
Gross Gain on Investment$2,850.00
Rate of Return21.92%
Net Return
Gross Return on Initial Investment in £$2,850.00
Minus Costs and Charges Related to Investment $64.22
Net Return on Initial Investment in $$2,785.78

Net End Value - Initial Investment$15,785.78
Net Return - Initial Investment21.43%

Impact of Costs and Charges on Initial Investment Return-0.49%

* USD 1.14 per contract







EUR Scenario: DAX Option
EUR 5% out-of-the-money scenario (Contract 4 months to expiration)

Portfolio Assumptions
Initial Investment€11,600.00
Margin 0.00%
Notional Amount€11,600.00
Initial strike€12,300.00
Initial underlying price€11,715.00
Multiplier5
Price per contract€186.70
Intrinsic Value€0.00
Time Value€186.70

# of contracts12
Round-Trip Trades Executed12
Underlying Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*€3.00
Financing Fee0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€432.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€105.00
Research News and Fees€0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$537.00
Gross Return
Start Value - Investment€11,600.00
End Value - Investment€38,190.00
Gross Gain on Investment€26,590.00
Rate of Return229.22%
Net Return
Gross Return on Initial Investment in €€26,590.00
Minus Costs and Charges Related to Investment €537.00
Minus Roll-over Time-value decay (2 turns)€16,404.00
Net End Value of Gain€9,649.00

Net End Value of Investment€21,249.00

Net Return on Investment83.18%

Impact of Costs and Charges on Initial Investment Return-146.04%

* EUR 1.50 per contract


Example 6: Information Concerning Costs and Related Charges for Portfolio in Bonds

Examples covers January 1 - December 31

FULLY PAID EURONEXT BONDS

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin0.00%
Notional Amount€11,600.00
"Round-Trip" Trades Executed12
Rate of Return10.00%

Service Costs

"Round Trip" per Trade Fee*

(includes Euronext Exchange Fee: 0.0425%)

0.285%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€396.72
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
N/A€0.00
TOTAL COSTS AND CHARGES€420.72
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€302.40
Net End Value of Gain€857.60

Net End Value of Investment€12,339.28
Net Return on Investment6.37%
Impact of Costs and Charges-3.64%

* Tiered Schedule:

=

> EUR 50k 0.035% of trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

LEVERAGED EURONEXT BONDS

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin5.00%
Notional Amount€232,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

(includes Euronext Exchange Fee: 0.0425%)

0.183%
Margin Financing Fee = 1.5% + Benchmark1.50%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€5,095.20
Financing€3,306.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
N/A€0.00
TOTAL COSTS AND CHARGES€8,425.20
Gross Return
Notional
Start Value - Investment€232,000.00
End Value - Investment

€255,200.00

Gross Gain on Investment€23,200.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment€11,600.00
EndValue - Initial Investment€34,800.00
Gross Gain on Investment€23,200.00
Rate of Return200.00%
Net Return
Notional
Gross Return on Investment in €€23,200.00
Minus Costs and Charges Related to Investment€8,425.00

Net Return on Investment in €

€14,774.80

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %6.37%
Impact of Costs and Charges on Notional Return-3.63%
Initial Investment
Gross End Value - Initial Investment€34,800.00
Net End Value - Initial Investment€26,374.80

Gross Return on Initial Investment200.00%
Net Return on Initial Investment127.37%
Impact of Costs and Charges on Initial Investment Return-72.63%

* Tiered Schedule:

=

> EUR 50k 0.035% of trade value



Example 7: Information Concerning Costs and Related Charges for Portfolio in Leveraged Forex

Examples covers January 1 - December 31

MARGIN FOREX

Long EUR/Short USD Scenario 1.123

Portfolio Assumptions
Initial Investment$13,000.00
Margin3.00%
Notional Amount Available (Long EUR)€385,871.18
Notional Amount Available (Short USD)$433,333.33
"Round-Trip" Trades Executed12
Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*0.004%
Tiered Cash Interest Rates0-100k100k+
EUR Credit Interest0.000%-0.781%
USD Debit Interest3.880%3.380%

Monthly Activity Fee$0.00
Monthly Market Data Fee$0.00
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$208.00
EUR Credit Interest$2,507.27
USD Financing Fee$14,707.27
Monthly Activity Fee$0.00
Market Data Fee$0.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$17,422.54
Gross Return
Notional
Start Value - Investment$433,333.33
End Value - Investment

$476,666.67

Gross Gain on Investment$43,333.33
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment

$13,000.00

EndValue - Initial Investment$56,333.33
Gross Gain on Investment$43,333.33
Rate of Return333.33%
Net Return
Notional
Gross Return on Investment in $$43,3333.33
Minus Costs and Charges Related to Investment$17,422.54
Net Return on Investment in $$25,910.80

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %5.98%
Impact of Costs and Charges on Notional Return-4.02%
Initial Investment
Gross Return on Initial Investment in $$43,3333.33
Minus Costs and Charges Related to Investment$17,422.54
Net Return on Initial Investment in $$25,910.80

Gross End Value - Initial Investment$56,333.33
Net End Value - Initial Investment$38,910.80

Gross Return on Initial Investment333.33%
Net Return on Initial Investment199.31%
Impact of Costs and Charges on Initial Investment Return-134.02%

* 0.2 bps per trade value

FOREX CFD

Long EUR/Short USD Scenario 1.123

Portfolio Assumptions
Initial Investment$13,000.00
Margin3.00%
Notional Amount Available (Long EUR)€385,871.18
Notional Amount Available (Short USD)$433,333.33
"Round-Trip" Trades Executed12
Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*0.004%
Tiered Contract Rate

0-100k100k+
EUR/USD Long Credit-3.913%-3.663%

Monthly Activity Fee$0.00
Monthly Market Data Fee$0.00
Research News and Fees$0.00



Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$208.00
EUR/USD Long Credit*$16,123.00
Monthly Activity Fee$0.00
Market Data Fee$0.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$16,331.00

*in this case a charge since the credit rate is negative


Gross Return
Notional
Start Value - Investment$433,333.33
End Value - Investment

$476,666.67

Gross Gain on Investment$43,333.33
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment

$13,000.00

EndValue - Initial Investment$56,333.33
Gross Gain on Investment$43,333.33
Rate of Return333.33%
Net Return
Notional
Gross Return on Investment in $$43,3333.33
Minus Costs and Charges Related to Investment$16,331.00
Net Return on Investment in $$27,002.33

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %6.23%
Impact of Costs and Charges on Notional Return-3.77%
Initial Investment
Gross Return on Initial Investment in $$43,3333.33
Minus Costs and Charges Related to Investment$16,331.00
Net Return on Initial Investment in $$27,002.33

Gross End Value - Initial Investment$56,333.33
Net End Value - Initial Investment$40,002.33

Gross Return on Initial Investment333.33%
Net Return on Initial Investment207.71%
Impact of Costs and Charges on Initial Investment Return-125.62%

* 0.2 bps per trade value



Example 8: Information Concerning Costs and Related Charges for Portfolio in Structured Products

Examples covers January 1 - December 31

OPEN-END TURBO

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts2,468

Initial Strike18.80
Initial Underlying Price23.50
Price per Contract€4.70

Leverage5
Notional Amount€58,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%

Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.01
Management Fee0.00%
Financing Rate = 3% + Benchmark2.333%



Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€296.17
Management Fee€0.00
Financing€1,082.51
TOTAL COSTS AND CHARGES€1,681.08
Gross Return
Initial Investment€11,600.00
End Value - Investment€16,317.49
Rate of Return10.00%
Net Return
Investment Gain in €€4,717.49
Minus Costs and Charges Related to Investment€1,681.08
Net End Value of Gain€3,036.41

Net End Value of Investment€14,636.41
Net Return on Investment26.18%
Impact of Costs and Charges-14.49%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

FACTOR CERTIFICATE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts2,320

Price per Contract€5.00

Factor5


"Round-Trip" Trades Executed12
Rate of Return10.00%



Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.01
Management Fee0.05%
Benchmark-0.667%
Financing Spread0.900%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€278.40
Management Fee€58.00
Financing€599.37
TOTAL COSTS AND CHARGES€1,238.17
Gross Return
Initial Investment€11,600.00
End Value - Investment€17,400.00
Rate of Return50.00%
Net Return
Investment Gain in €€5,800.00
Minus Costs and Charges Related to Investment€1,238.17
Net End Value of Gain€4,561.83

Net End Value of Investment€16,161.83
Net Return on Investment39.33%
Impact of Costs and Charges-10.67%

* 0.1% per trade value


BONUS CERTIFICATE - MAJOR INDEX (DAX)

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts93

Price per Contract€125.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.03
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€33.41
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€335.81
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€335.81
Net End Value of Gain€824.19

Net End Value of Investment€12,424.19
Net Return on Investment7.11%
Impact of Costs and Charges-2.89%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

BONUS CERTIFICATE - MINOR INDEX (TecDAX)

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts387

Price per Contract€30.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.10
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€464.00
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€766.40
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€766.40
Net End Value of Gain€393.60

Net End Value of Investment€11,993.60
Net Return on Investment3.39%
Impact of Costs and Charges-6.61%

* 0.1% per trade value

BONUS CERTIFICATE - SHARES

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts211

Price per Contract€55.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.02
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€50.62
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€353.02
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€353.02
Net End Value of Gain€806.98

Net End Value of Investment€12,406.98
Net Return on Investment6.96%
Impact of Costs and Charges-3.04%

* 0.1% per trade value

DISCOUNT CERTIFICATE - MAJOR INDEX (DAX)

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts110

Price per Contract€105.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.01
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€13.26
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€315.66
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€315.66
Net End Value of Gain€844.34

Net End Value of Investment€12,444.34
Net Return on Investment7.28%
Impact of Costs and Charges-2.72%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

DISCOUNT CERTIFICATE - MINOR INDEX (TechDAX)

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts464

Price per Contract€25.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.05
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€278.40
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES

€580.80

Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€580.80
Net End Value of Gain€579.20

Net End Value of Investment€12,179.20
Net Return on Investment4.99%
Impact of Costs and Charges-5.01%

* 0.1% per trade value

DISCOUNT CERTIFICATE - SHARES

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts211

Price per Contract€55.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.02
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€50.62
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€353.02
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€353.02
Net End Value of Gain€806.98

Net End Value of Investment€12,406.98
Net Return on Investment6.96%
Impact of Costs and Charges-3.04%

* 0.1% per trade value

INDEX CERTIFICATE - MAJOR INDEX WITHOUT MANAGEMENT FEE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts166

Price per Contract€70.00

"Round-Trip" Trades Executed6
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.45
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€12.00
Research News and Fees€0.00
Product Costs
Issuer Spread€447.43
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€598.63
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€598.63
Net End Value of Gain€561.37

Net End Value of Investment€12,161.37
Net Return on Investment4.84%
Impact of Costs and Charges-5.16%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

INDEX CERTIFICATE - MINOR INDEX WITHOUT MANAGEMENT FEE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts83

Price per Contract€140.00

"Round-Trip" Trades Executed6
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€1.30
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€12.00
Research News and Fees€0.00
Product Costs
Issuer Spread€646.29
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€797.49
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.49
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€797.49
Net End Value of Gain€362.51

Net End Value of Investment€11,962.51
Net Return on Investment3.13%
Impact of Costs and Charges-6.87%

* 0.1% per trade value


INDEX CERTIFICATE - MAJOR INDEX WITH MANAGEMENT FEE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts387

Price per Contract€30.00

"Round-Trip" Trades Executed6
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.01
Management Fee0.25%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€12.00
Research News and Fees€0.00
Product Costs
Issuer Spread€23.20
Management Fee€29.00
Financing€0.00
TOTAL COSTS AND CHARGES€203.40
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€203.40
Net End Value of Gain€956.60

Net End Value of Investment€12,556.60
Net Return on Investment8.25%
Impact of Costs and Charges-1.75%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

INDEX CERTIFICATE - MINOR INDEX WITH MANAGEMENT FEE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts166

Price per Contract€70.00

"Round-Trip" Trades Executed6
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.05
Management Fee1.5%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€12.00
Research News and Fees€0.00
Product Costs
Issuer Spread€49.71
Management Fee€174.00
Financing€0.00
TOTAL COSTS AND CHARGES€374.91
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€374.91
Net End Value of Gain€785.09

Net End Value of Investment€12,385.09
Net Return on Investment6.77%
Impact of Costs and Charges-3.23%

* 0.1% per trade value






Example 9: Information Concerning Costs and Related Charges for Portfolio in Exchange Traded Funds

Examples covers January 1 - December 31

ETF on MAJOR INDEX

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin0.00%
Notional Amount€11,600.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Management Fee0.09%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€0.00
Management Fee€10.44
Financing€0.00
TOTAL COSTS AND CHARGES€312.84
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€312.84
Net End Value of Gain€847.16

Net End Value of Investment€12,447.16
Net Return on Investment7.30%
Impact of Costs and Charges-2.70%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

ETF on MINOR INDEX

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin0.00%
Notional Amount€11,600.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Management Fee0.65%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€0.00
Management Fee€75.40
Financing€0.00
TOTAL COSTS AND CHARGES€377.80
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€377.80
Net End Value of Gain€782.20

Net End Value of Investment€12,382.20
Net Return on Investment6.74%
Impact of Costs and Charges-3.260%

* 0.1% per trade value